Frasers Group Acquires 8.8% Stake in Under Armour
The move extends British company’s push into sports brands following a recent purchase of Puma stock.
Retail
Analysis and advice from the front lines of the retail transformation.
The New Normal: A Darwinian Shakeout Will Create Fresh Opportunities
The crisis will shake out the weak, embolden the strong and accelerate the decline of those that were already struggling before the pandemic, compelling companies to evaluate divestment and acquisition opportunities and capture whitespaces that emerge from the reshuffle, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
Amazon to Temporarily Close French Warehouses After Court Ruling
The closure comes after a French court ordered the world's biggest online retailer to only deliver essential goods while it improves health and safety measures for employees, or face a fine.
Adidas Secures €3 Billion Coronavirus Funding From German State Bank
The sports retailer will also suspend its dividend as a condition of the government-backed loan.
How to Discount Smartly During Covid-19
It's almost inevitable that brands will need to implement mark downs during this period of uncertainty. However, a creative and disciplined approach can help offload inventory while keeping customers engaged.
Amazon Fires Two Tech Workers After Criticism of Warehouse Conditions
The retail giant stated that the workers repeatedly violated internal policies after speaking out.
Report: J.C. Penney to Hire Advisors as It Mulls Debt Management Options
Brick-and-mortar retailers are struggling to keep up with the shift to online shopping, and the crisis has been exacerbated by the coronavirus outbreak.
Next Reopens Online Business Following Coronavirus Shutdown
The British retailer said it will initially only offer categories most needed by consumers and has implemented additional safety measures to cope with the Covid-19 pandemic.
The New Normal: A Discount Mindset Will Deepen Its Grip on Consumers
As a decade-long build-up of bargain shopping culture is exacerbated by a rise in anti-consumerism, a glut in inventory and cash-strapped consumers looking to trade down or turn to off-price channels, brands must find inventive ways to reestablish value, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
True Religion Files for Bankruptcy Protection
The denim brand is the latest retailer hit by the coronavirus pandemic, filing for Chapter 11 for the second time in less than three years.
A Spain Loosens Lockdown, Inditex Slowly Sends Employees Back to Work
The fashion giant's logistics centres in Spain have reopened, but the company is said to be taking measures to ensure staff safety.
Macy's Taps Investment Bank to Explore Recapitalisation
Macy's has asked advisers to help manage its liabilities and explore options that could include new financing, sources say.
How Amazon Fashion Could Save a Generation of Designers
The deep-pocketed e-commerce giant could use its unrivalled platform to support young designers and connect a universe of independent labels with millions of digital consumers, swiftly establishing itself as one of the world’s top fashion destinations.
THE NEWS IN BRIEF
Asos Customers Receive ‘Hack’ Notification Threatening Leak
The retailer is investigating after users of its mobile app received a notification claiming hackers had ‘fully compromised’ company data.
Shein Shares Sink to Record Low After Profit Plunge
The ultra-fast-fashion giant’s share price fell 12 percent after it reported a steep drop in first-half operating income in its inaugural earnings as a public company.
H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Asos Names Law Roach ‘Stylist in Residence’
Online fashion retailer Asos has brought on celebrity stylist Law Roach to bring his creative lens and styling approach to its campaigns and recently relaunched magazine.
Boohoo’s New Chairman Stirs Controversy as Broker Drops Coverage
The online clothing retailer, which rebranded as Debenhams Group last year, said Friday that Iain McDonald had taken over from Tim Morris with immediate effect in a move aimed at ‘rebuilding equity value.’
UK Retail Sales Bounce Back With 0.5% Gain in August
Warm weather and a brighter national mood helped lift spending on clothing and household goods despite rising energy bills.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.